February 29, 2024
Crypto

Market Rallies As BTC, Pepe Coin, NEAR Take Lead


The crypto prices today have continued their bull run from yesterday, signaling that the market participants are willing to make bets on the risk-bet assets. It’s worth noting that the market has witnessed volatile trading over the past few days as investors stayed on the sideline seeking more clarity on the market’s future potential.

Meanwhile, the recent improved momentum in the market seems to be due to speculations over Bitcoin Spot ETF approval. According to several market experts, the SEC is likely to show the green light to a BTC ETF in early January 2024, which has fuelled the market sentiment.

In the major crypto prices, the Bitcoin price was up 0.88% over the last 24 hours and traded at $44,063.79, with its trading volume declining 23.91% to $22.40 billion. Meanwhile, over the last 24 hours, the BTC price has touched a high of $44,240.67 and a low of $43,387.92.

Among other cryptos, the Ethereum price surged 2.36% to $2,253.97 during writing, and its trading volume from yesterday slipped 1.89% to $12.73 billion. In addition, the Solana price noted gains of 17.04% to $98.33 during writing, suggesting an increased interest of the investors towards the crypto. Notably, the Solana crypto has also flipped BNB to claim the 4th spot in the top crypto rankings.

Meanwhile, the BNB price rose 5.64% to $272.65, and its trading volume gained 16.4% to $1.16 billion. Simultaneously, the XRP price ticked up 0.84% to $0.6207, and the Cardano price noted gains of 4.93% and traded at $0.624.

In the meme coin segment, the Dogecoin price advanced 2.46% to $0.09377, while its trading volume rose 47% to $875.24 million. In addition, the Shiba Inu price also witnessed a surge of 2.84% to trade at $0.00001052 during writing, while its one-day trading volume rose 5.5% to $175.08 million.

Meanwhile, the global crypto market cap also advanced with the recent rally of the major crypto prices. Notably, the overall crypto market cap was up 2.17% during writing to $1.66 trillion, and the trading volume ticked down 4.93% to $68.19 billion. The fear and greed index was at 75, indicating a “greed” or buying sentiment in the market.

Also Read: Spot Bitcoin ETF Approvals To Begin By End Of 2023?

The Top Crypto Prices For Today Are

Pepe Soars 2%

The Pepe Coin crypto, a prominent player in the meme coins segment, has witnessed choppy trading over the last few days, as investors traded cautiously. However, the Pepe Coin price regained momentum on Friday, December 22, as evidenced by a surge of 2.49% in its price to $0.000001291. Its trading volume also soared 31.85% to $100.84 million.

Pepe Coin Chart

Algorand (ALGO) Soars 24%

The Algorand crypto was among the top percentage gainers in the crypto market, reflecting the positive sentiment in the broader crypto space. As of writing, the Algorand price was up 24.58% and traded at $0.2461, while its trading volume over the last 24 hours rocketed 268.5% to $283.17 million. Notably, the ALGO price added around 90% over the last 30 days.

ALGO Crypto Chart

NEAR Protocol (NEAR) Advance 24%

The NEAR Protocol price experienced a gain of 23.85% to trade at $3.51, with its trading volume soaring 58.62% to $1.05 billion as of writing on December 22. Meanwhile, the crypto has been on the investors’ watch lately, as evidenced by the continuing rally of the crypto. Notably, the NEAR price surged over 50% in the last seven days, along with a 90% jump over the last 30 days.

NEAR Crypto Chart

Also Read: Solana (SOL) Price Moves Closer to $100 Flipping Binance Coin for Fourth Spot



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